Was The S&P’s “Death Cross” Event A GOOD Thing?

You know, you would think that something called a “death cross” would be a BAD thing…

And for the most part, you’d be right. 

A death cross–the sensationalized term for when a stock’s short-term moving average crosses below its long-term moving average on a technical chart–is almost always a bad thing. It often means that there will soon be a downturn in the stock or index, possibly even a major sell-off. 

Unless you short stocks, this is a BAD thing…which is why it’s concerning that the S&P 500 just experienced a death cross. 

Now that it’s happened, people are a little freaked out. And they should be, right? 

I mean, there’s no way it could EVER be considered a good thing, right?

Well… Maybe.

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